Vishal Nirmiti IPO Day 2: Subscription Status on 1 October 2026

The Vishal Nirmiti IPO has entered Day 2 of its bidding window, which opened on 30 September 2026 and closes on 5 October 2026. Vishal Nirmiti Limited, a Pune-based precast and prestressed concrete products manufacturer, is raising about Rs 178 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both BSE and NSE. The latest full session data available is the Day 1 close of 28 September 2026.

Day 1 bidding for the issue closed with the issue subscribed only 0.06 times overall, with the small QIB quota fully subscribed at 1.00 times while retail and NII stayed thin. With several sessions still remaining before the 5 October close, retail and NII demand will need to build for the book to move significantly.

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Vishal Nirmiti IPO Details

The table below sets out the key parameters of the issue.

Open Date	30 September 2026
Close Date	5 October 2026
Face Value	Rs 10 per share
Price Band	Rs 208 to Rs 220 per share
Lot Size	68 shares
Issue Size	Rs 178 crore
Issue Type	Book Built Issue
Listing At	BSE and NSE
Allotment Date	6 October 2026
Listing Date	8 October 2026

Vishal Nirmiti IPO Subscription Status Day 2

Bidding for the issue is updated through the trading session on BSE and NSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (30 Sep, closing update)	Subscription So Far (Day 2, 1 Oct)
Qualified Institutional Buyers (QIB)	1.00 times	Updating
Non-Institutional Investors (NII)	0.01 times	Updating
Retail Individual Investors	0.06 times	Updating
Overall	0.06 times	Updating through the session

The QIB quota, though small, cleared full subscription on Day 1, while retail and NII remain thin. Investors should treat the Day 2 figures as provisional since bidding remains open until the 5 October close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Vishal Nirmiti IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 208 to Rs 220 band, in multiples of 68 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 5 October.

Download the Univest iOS App or Univest Android App to apply for the issue before the 5 October close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue stayed thin at 0.06 times after Day 1, with the small QIB quota fully subscribed while retail and NII lagged, and several sessions still remaining before the 5 October close. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.

FAQs

What is the Vishal Nirmiti IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 0.06 times overall, with QIB, on a very small quota, at 1.00 times, while retail stood at 0.06 times and NII at 0.01 times, and figures for Day 2, 1 October 2026, are updating through today's session on BSE and NSE.

When does the Vishal Nirmiti IPO close?

Ans. The issue closes for subscription on 5 October 2026, having opened on 30 September 2026.

What is the Vishal Nirmiti IPO price band and lot size?

Ans. The issue price band is Rs 208 to Rs 220 per share, with a lot size of 68 shares, taking the minimum retail investment to about Rs 14,960 at the upper price band.

Is the Vishal Nirmiti IPO fully subscribed?

Ans. The issue was running at only 0.06 times overall through Day 1, with just the small QIB quota fully subscribed at 1.00 times, while retail and NII remained thin.

What is the Vishal Nirmiti IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Vishal Nirmiti IPO before it closes?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 208 to Rs 220 band, in multiples of 68 shares, then approving the UPI mandate before the daily cut off.

When will the Vishal Nirmiti IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 6 October 2026, with listing on both BSE and NSE tentatively scheduled for 8 October 2026.

What does Vishal Nirmiti Limited do?

Ans. Vishal Nirmiti Limited is engaged in civil engineering, manufacturing and construction activities, with a focus on manufacturing pre-stressed concrete sleepers for railways alongside other precast concrete products.